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Share link:In this post: Crypto traders have turned to ChatGPT and Grok for real-time context, sentiment analysis, and narrative framing. In charts, Grok gives a more detailed and information-packed breakdown, pointing out resistance and support levels, liquidation events, and possible outside causes. Experts say that over-reliance on the bots without checking the ideas against standard charts or news causes traders to have false confidence.
Share link:In this post: President Trump, through Treasury Secretary Scott Bessent, is moving forward with interviews for 11 potential replacements for Fed Chair Jerome Powell, whose term ends in May. The list includes current Fed governors, past officials, and top financial executives. Philip Jefferson, the current vice chair, is also in the running. If selected, he would become the first Black Fed Chair in U.S. history.
Share link:In this post: A new bill (HB1812) introduced in the Pennsylvania House of Representatives could impose jail time on public officials who fail to divest their Bitcoin holdings. Officials who do not comply with the divestment requirement could face civil penalties of up to $50,000, and violations may be classified as felonies. Similar proposals, especially at the federal level, are growing as more officials express discontent with Donald Trump’s relationship with crypto.
- 00:31Data: An ancient whale has sold 3,100 BTC and bought 50,522 ETH, going 5x long on 135,000 ETHAccording to ChainCatcher, citing Ember monitoring, a whale/institution that has held 10,606 BTC for as long as 7 years and made a profit of $1.12 billion has recently sold 3,100 BTC (worth $348 million) and purchased 50,522 ETH spot (worth $213 million). In addition, this entity spent $120 million in margin to go long on 135,000 ETH with 5x leverage overall, and still holds 7,537 BTC (worth $846 million).
- 00:26Camp Network Foundation Launches Airdrop Eligibility CheckerAccording to official news from the Camp Network Foundation on August 22, the CAMP token airdrop eligibility checker tool has been launched. Users must complete registration and verify their eligibility for the first season of the Camp airdrop by 11:59 PM Eastern Time on August 25.
- 00:08U.S. Stock Market Gains Mask Economic Slowdown, 35% Chance of Recession AheadAccording to ChainCatcher, citing Jintou reports, a report by Pinhao points out that there is a discrepancy between the performance of the US stock market and the overall economy. Although the S&P 500 Index has risen nearly 10% so far this year, the process has been volatile, with a drawdown of about 20% in April. The report shows that the annualized growth rate of real consumer spending in the first half of 2025 is 1%, and real GDP growth continues to slow. A Bloomberg survey indicates that the average probability of a US economic recession in the coming year is 35%.